The chart shows $M / USDT perpetual futures on Binance experiencing a sharp correction, currently trading at 1.3592 after a massive -18.97% drop in the last 24 hours. From a recent peak near 1.9235, it plunged hard with heavy red candles, breaking key supports and now hovering just above the daily low of 1.2741.
Technical indicators are flashing potential reversal signals:
Bollinger Bands squeezed earlier, then expanded on the downside — price is hugging the lower band (~1.2427), classic oversold territory.
Stochastic (K:45.3, D:54.6, J:26.7) curling up from oversold levels.
RSI(6) at 41.2 and RSI(14) at 44.1 — dipping low but starting to stabilize, not yet deeply oversold but showing exhaustion in sellers.
This violent dump looks like capitulation after an explosive pump. Momentum is shifting — bounce incoming?
🚨 TRADE ALERT: LONG $M USDT Perpetual Now! 🚨
Entry around current levels ~1.36
🎯 Take Profit 1: 1.50 (+10%)
🎯 Take Profit 2: 1.65 (+21%)
🎯 Take Profit 3: 1.80+ (full swing target)
🛑 Stop Loss: 1.27 (below daily low for protection)
High volatility = high reward setup. Don't miss the rebound!
Trade $M / USDT Now! Follow & turn 🔔 on ✅ for more alpha calls. Risk management is key — trade smart!
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